Slow start for the European stock exchanges, in line with the collapse of the Asian lists. In Milan the index Ftse Eb however, it recovered most of the losses and yielded only 0,15%, at 20.941. At the same time, the German Dax is at -0,24%, the French Cac loses 0,13%, London -0,75%. On positive ground Madrid (+ 0,11%).
It weighs on consumer goods the thrashing of Tesco (-10% to the City). The British supermarket chain lowered its first-half profit estimates by a further £250m. This is his third profit warning this year.
At the sector level, the STOXX Europe 600 on commodities lost 0,78%, weakened by fears that the manufacturing PMI data expected tomorrow from China will be below 50, a level that indicates contraction in activity. Finance Minister Lou Jiwei has opened up the possibility of GDP growth in 2014 of 7,3% below the previous targets. It is the signal that Beijing does not intend to launch new growth incentives.
THEEni it is up 0,9% on Friday evening's adjusted price, ie taking into account the interim dividend released this morning. If the coupon effect is taken into account, the stock loses 2,42%. Same speech for stm (-3,3%).
The decline in the Petroleum: Brent -0,6%, at 97,7 dollars. In downhill levers also the dollar, at 1,2826 from 1,2820.
It goes up even more Enel (+1,4%), in the wake of the hypothesis of an extraordinary double dividend from the subsidiary Endesa. On positive ground Enel Green Power e Terna by about 0,3%.
In great evidence Trevi (+4,6%) after the announcement of new orders for 135 million dollars plus a framework agreement for a port complex in Africa for 380 million. The impact on Ebitda, according to Banca Imi, will be 16-18%.
Bucking Saipem, which loses 1,3%.
Bright Fiat (+1,5%) after the promotion of Mediobanca to outperform from neutral, target price at €10,50. Piazzetta Cuccia recommends selling Cnh Industrial (-1,5%) and buying Lingotto securities.
Banks have written off and initial losses. Now they go up Unicredit and Intesa, both +0,5%. Better Bpm (+1,8%). An exception is Mps, which drops by around one percentage point.
Under pressure luxury: Ferragamo Down by 1,3% despite growth forecasts for the end of the year. Tod’s it dropped 1%.
